. >> president obama has a blackberry. >> i hear he does. >> most of the white house uses a blackberry. this is going to be a huge concern for a lot of people across the globe. >> i'm pretty good at dictating now on the iphone. it works. >> yeah? >> put me in the training. >> angela merkel, by the way, uses a samsung. i don't know what that means. more accessible to the nsa, i don't know. so anyway, that's the news of the morning and that's going to be getting a lot of attention today in the markets. >>> let's talk about hudson's bay, the company is expected to complete the acquisition of retailer later today. >> reporter: good morning, becky. i'm here at saks fifth avenue in new york city with richard baker, the ceo of hudson's bay company. an early congratulations on the deal today. let's get started off with why saks. how important was real estate as we sit here and sort of the crown jewel of saks? >> well, saks was very important and relevant for us and something we worked on really since 2006 for three primary reasons. first, we had an opportunity to grow saks into canada, hudson